Asheil Versatile Lighting Technologies (Asheil), a joint venture between Versatile International and Haneco, has secured land in Shaqraa Industrial City to establish a state-of-the-art lighting manufacturing and technology hub.
This milestone strengthens Saudi Arabia’s position as a regional leader in advanced lighting production, reducing the Kingdom’s dependence on imports while driving industrial growth, supply chain resilience, and job creation.
The 6,800 square meters facility will not only produce high-performance lighting solutions for Saudi Arabia’s giga-projects, large-scale urban developments, and commercial infrastructure but will also generate significant local employment opportunities. By investing in localized manufacturing, Asheil is ensuring that Saudi talent plays a direct role in the Kingdom’s industrial transformation, equipping the workforce with expertise in advanced manufacturing and energy-efficient lighting technologies.
The facility will integrate cutting-edge production techniques, energy-efficient LED technologies, and precision engineering, addressing both market demand and the need for a skilled, future-ready workforce. By providing high-value job opportunities, Asheil will support the Kingdom’s long-term economic diversification strategy while advancing technological self-sufficiency in the lighting sector.
Marco Fahd Chairman & CEO Versatile International
“Asheil is proud to contribute to Saudi Arabia’s transformation into a hub for advanced lighting technology. This facility will not only provide international standard, high-quality, locally manufactured lighting solutions but will also create skilled jobs and provide new career pathways for Saudi professionals in manufacturing, engineering, and supply chain management. We sincerely thank the Saudi government and our partners for their support in making this vision a reality.”
“With Versatile’s extensive project management experience and Haneco’s deep expertise in LED manufacturing, Asheil is set to become a transformative player in Saudi Arabia’s industrial landscape. Our integrated approach, spanning design, manufacturing, and after-sales support, will not only deliver high-performance lighting solutions but will also empower local talent with the skills and expertise needed to sustain and expand Saudi Arabia’s manufacturing sector,” said Nicho Teng, Founder & Managing Director of Haneco Lighting and Co-founder of Asheil.
By localizing production, the joint venture aims to enhance supply chain stability, reduce costs, create new job opportunities, and provide faster, more customized solutions for Saudi Arabia’s major infrastructure projects.
